0:18Good afternoon and welcome to Pittsburgh City Council's Cable Cast public hearing for Thursday, June 25th, 2026, relative to Bill 531.
0:27Would a clerk please read the title of the bill?
0:29Resolution authorizing the adoption of the downtown Pittsburgh Translate Revitalization Investment District Implementation Plan and Related Agreements.
0:39For the record, we are currently joined by Councilman Wilson, Councilwoman Warwick, and I believe Councilman Mosley is also joined us online.
0:58Our first registered speaker is Callie De Sabato, followed by Jason Rona.
1:15If not, is Jason Rona with us.
1:23Good afternoon, Council members.
1:25My name is Jason Rona.
1:26Uh, I am a commercial real estate attorney at Meyer Onkovic and Scott.
1:30Our headquarters is in the still building.
1:32Thank you for the opportunity today.
1:34Um, in addition to being a commercial real estate attorney, I have the privilege of serving as treasurer of the Pittsburgh Downtown Partnership.
1:42In my real estate practice, I focus on complex redevelopment transactions in the city and have had the privilege of working with several of you on projects in your districts.
1:51At the PDP, I have the privilege of having a front row seat on how our public resources support downtown vibrancy.
2:00This is by many mechanisms, including the bid tax that funds our safety and cleanliness programs at the PDP.
2:08I speak from both perspectives today, and from both the messages the same.
2:13We can preserve the existing tax base while demonstrating that Pittsburgh is ready to embrace economic development and public reinvestment.
2:22The TRID legislation does exactly that.
2:25The TRID captures only the incremental tax value created by the new development, such that the existing tax base is preserved.
2:34While protecting the tax base, the TRID will signal to private investors, which are presently on the sidelines being courted by competitor cities that we can help address the hardest part of their project, closing the gap in their capital stack, thereby moving projects from term sheet to ribbon cutting.
2:53Beyond the headline projects, the TRID creates a dedicated funding stream for the type of investments that make people want to come to downtown Pittsburgh.
3:03This includes investments in lighting, sidewalks, small business support, residential conversions, affordable housing, and public infrastructure improvements.
3:13These community-focused investments will make private redevelopments stick and send a signal to private capital that their investment in Pittsburgh is safe.
3:22The attendant growth will generate more investment, and that investment supports more growth at every scale from mixed-use redevelopment to a neighborhood storefront.
3:34This cycle is the exact opposite of the doom loop that has dominated discussions in our city since COVID.
3:42In sum, this is nothing short of a critical moment in the history of our city.
3:47Downtown must convert from an office district to a 24-7 neighborhood to ensure that the region's economic engine thrives and that new investment enters the Golden Triangle.
4:06Thank you for your consideration.
4:19Good afternoon, everybody.
4:21Thanks for the opportunity.
5:05Jobs and jobs are the most important thing for my membership and the building trades.
5:11For my membership, an area standard wage that sustains households in these tough economic times that the programs we work with, Pittsburgh Public Breaking the Chains, Poverty Car Program, TIP, Trade Institute of Pittsburgh Intro to Trade to name a few.
5:28But if we continue to allow developers and contractors like Woe to Coupa, RDC, PMC, Franjo to name a few to use the exploited workforce tax fraud model.
5:39There won't be opportunities for them to work in these projects.
5:43We are a better city than that.
5:45Or are we a city that just wants groundbreakings and ribbon cuttings?
5:49I believe if we want to grow our city, we need the TRID for jobs.
5:55Buying houses for our people in the communities, our underserved neighborhoods to build our tax base.
6:01And we also need these developers and contractors to change their business models to make our city the most livable city in the country.
6:11Our next speaker is Jackie Smith, followed by Jeremiah Waldrup.
6:22Hello, council members.
6:24My name is Jackie Smith, and I'm a resident of the Park Place neighborhood.
6:29I also serve on the board of the Human Rights City Alliance.
6:33And I'm here to urge you to vote no on the TRID initiative.
6:39This proposal is asking you to gamble with taxpayer money and to commit current and future taxpayers to paying for projects that may or may not pay off, either in terms of finance or in terms of the benefits for all residents of our neighborhoods.
6:57I recommend that the council request the mayor's office and the URA to provide compelling evidence to back up assumptions that this is a good gamble.
7:07That the proposed investment district will deliver the real benefits that all residents of our city need, not just those who stand to benefit directly from the downtown redevelopment and growth.
7:24We're being told that there's an urgent need to redevelop downtown and that this needs to take precedence over other long-standing and truly urgent needs like affordable housing.
7:36The public deserves to hear the case for why this kind of downtown development should be prioritized over other parts of the city.
7:46And we need to see evidence that this growth downtown is really going to trickle down to the rest of us.
7:54We're also being told that the only way to finance what the city needs is through this kind of speculative development, which puts additional burdens of interest payments on taxpayers.
8:06Why aren't we considering other possible tools that the city can use to generate revenues like its tax policies?
8:15Finally, how can we be certain that the promised benefits of this proposal in terms of equity and sustainability will actually be realized?
8:24There needs to be a lot more transparency in how these funds will be allocated.
8:30Placing the decision-making authority in the hands of an unelected body is unlikely to help our city confront the very real challenges we have in terms of racial disparity, growing inequality, and worsening impacts of climate change.
8:46The human rights city alliance is part of a growing global movement whose motto is human rights don't trickle down, they rise up.
8:55People know that trickle-down economics doesn't work, and even leading economists are admitting this.
9:02The rising tide of economic growth doesn't automatically lift all votes.
9:07It takes people and responsible political leadership to make sure that our policies support a city that enables residents of all of our neighborhoods to live meaningful and dignified lives.
9:39My name is Jeremy Waldrup.
9:41I'm here on behalf of the Pittsburgh Downtown Partnership and live in the city's neighborhood of friendship.
9:46The Pittsburgh Downtown Partnership supports the proposed TRID because it can help move downtown closer to the kind of neighborhood we all want to see.
10:00One with better infrastructure, encouraging more residents, more street level activity, stronger and more welcoming public spaces, and continued reinvestment in the historic and economic core of our region.
10:07The TRID will help strengthen our economy, accelerate office to residential conversions, and help build a more economically diverse and resilient neighborhood.
10:16That is essential to our collective vision of doubling downtown's residential population by 2035 and further stabilizing the commercial office market, making this neighborhood again more resilient and diverse.
10:28As the most walkable and transit-rich neighborhood in the region, downtown needs more resources to support high-quality public and private investments.
10:37For major infrastructure investments like the soon-to-begin Phase 1 Smithfield Street reconstruction project to transit infrastructure, we continue to struggle with the dedicated with dedicated revenue to make meaningful investments and provide long-term maintenance strategies to keep things nice.
10:54Additionally, downtown has millions of square feet of underutilized office space.
11:00These buildings will languish without public support and the preservation and revitalization of these assets are critical to the long-term economic health of downtown.
11:10The TRID is exactly the right tool for this moment.
11:13It harnesses the growth that our downtown is on the cusp of generating and reinvests it right back into the neighborhood.
11:19But a financing mechanism is only as strong as the vision behind it.
11:25As property values rise and development accelerates, we can deliberately channel it into the businesses, workers, and entrepreneurs who give downtown its energy and identity.
11:34This is our opportunity to make sure that every dollar of growth downtown creates and enables more opportunity for people to invest in that work and to call it home.
11:44The success of downtown is critical for our region, and the TRID gives us a stronger foundation.
11:50I look forward to working with council to ensure we build something worthy of it for everyone.
11:57I want to return to Callie DeSabato, and I also want the record to reflect that we've been joined by Councilman Charlotte and Councilwoman Gross.
12:07Hello, can you all hear me?
12:10My name is Callie DeSabateau.
12:12I live in the North Side, and I'm also a member of the Northside Neighborhood Assembly.
12:16I am not feeling great these days about how our federal politicians are spending our tax dollars, and I'm feeling pretty suspicious about the spending decisions being considered here today at the local level as well.
12:26I was an English teacher.
12:28My background is not in finance, and I don't fully understand everything behind this tax diversion, which feels like it's being rushed through without giving the public enough time to even know that it's happening, much less grasp the full implications of what it means.
12:42I have a few questions.
12:44How much would be invested in public infrastructure compared to private for-profit projects?
12:51How many of those potential recipients relying on public dollars to close for-profit funding gaps are currently fighting their tax contributions to our city?
13:00Why is affordable housing expansion not a central part of this plan?
13:05I see a chasm between what is happening in this room and what is happening in our city, prioritizing corporate projects over the material needs of the public.
13:14One major material need not being met with this trade proposal, dramatically expanding affordable housing.
13:21City officials who are not working aggressively to expand affordable and dignified housing in Pittsburgh are out of touch with the massive portion of this city that is struggling right now.
13:31We have a manufactured high housing crisis in our city, and just because it's manufactured doesn't mean that people aren't living this crisis every single night.
13:40How many of our neighbors face housing insecurity or are struggling to make rent or cannot find a place in our city that they can afford the rent, or they're unable to become a homeowner and realize the potential of Pittsburgh's claims of affordability.
13:53Right now, I feel very distrustful.
13:55I'm seeing a city government fast track a 40-year-old, 40-year deal that prioritizes corporate project projects instead of the needs of regular people who could be on the hook to pay off the bondholders if the projected dollars don't pan out.
14:11The same city council that is comfortable allowing huge losses and annual potential tax revenue by maintaining a glut of unoccupied, undertaxed short-term rentals, which are primarily owned by corporate investors, is also fast-tracking a potentially risky public investment that is locked in for the next 40 years.
14:30It doesn't feel great, you guys.
14:32It doesn't feel great.
14:36Our next speaker is Maddie McGrady, followed by Alyssa Grishman.
14:45Good afternoon, Council.
14:46My name is Matty McGrady.
14:48Um I'm a city taxpayer and renter in Highland Park and a co-chair of the Pittsburgh Housing Justice Table.
14:54We're a coalition of organizations and advocates working together to bring healthy, affordable and accessible housing within reach to all as a human right.
15:02The implications of the downtown TRID proposal for city residents and taxpayers are significant.
15:07And we have a number of questions and concerns that we believe it is incumbent upon the mayor's office, city council, and the URA to address for the public record.
15:15First of all, where is the transparency and where is the community engagement around this besides behind closed doors with developers?
15:21The implementation plan is not publicly available on the URAth website, as far as I can tell, and appears to have been approved by the URA with zero public input.
15:31The PA TRID Act governing this proposal is explicit that community engagement and education around a TRID is required before implementation and before commissioning a planning study.
15:41Has the planning study been completed?
15:43If so, where was that required public hearing?
15:46Where was the community engagement?
15:48Secondly, I understand the TRID as a tool is potentially politically neutral, but the details and implementation of it matter greatly.
15:55Looking at the specific implementation plan, it would appear to invest just 20% of the money borrowed into public infrastructure.
16:02And 80% would be invested in what appear to be private for-profit real estate projects, some of which appear to be already selected.
16:10The public deserves to know.
16:12Why should we allow money to be borrowed in our name and invested in these specific private real estate projects?
16:18How are these projects being selected and what's in it for us?
16:21Please do explain to the public.
16:23How is this not a bailout of private real estate with public money and no strings attached?
16:28Welfare for the rich, market capitalism for the working class and poor.
16:32We know this playbook, and we're tired of it failing to deliver for working families.
16:36I understand that downtown real estate was hit hard by the pandemic.
16:40So was everyone else.
16:41Why should the public bail out these large private for-profit businesses?
16:45Meanwhile, we're getting evicted.
16:47Our homes are being foreclosed on, our local businesses are shuttering, our public transit is being cut, and many of our most vulnerable residents have lost food and medical assistance.
16:57This proposal is deeply lacking transparency and democratic engagement, and the public deserves better.
17:04If public money is paying for it, then it needs to be accountable to the public.
17:08At this time, we urge council to vote no on the downtown trip.
17:22Hi, can you hear me?
17:25Hi, my name is Alisa Grishman.
17:29I am the founder and director of Access Mob Pittsburgh, and I sit on the board of Pittsburghers for Public Transit, amongst other organizations.
17:43Everything that I wanted to say was said by the previous person by Jackie.
17:47I cannot say enough how opposed I am to the TRID as it is right now.
17:56The big thing that I want to add that I'm sure others will say later is it's supposed to be a transit revitalization investment district.
18:04And yet there is only vague in the language of what's going on, what how this is going to improve transit, um, because there's been a lack of transparency and meaningful you know dialogue with the community, but only 20% of the infrastructure uh or of the resources right now are going towards public infrastructure.
18:28The city has 90 neighborhoods.
18:31Uh you know, we need to focus on more than just downtown.
18:37We need to focus on uh helping poor and low-income.
18:43I'm scattered today.
18:44I apologize, I don't have anything better, so I will cut off here, but please vote no on the TRID.
18:54Our next speaker is Dean.
19:03Mudiannis, thank you very much.
19:06Yeah, it's hi, it's from Janice.
19:10Um I'm Dean McJanis.
19:12I live in the South Side.
19:14I am uh a longtime member and a board member of Pittsburghers for public transit.
19:19Um I'm testifying today to urge council to vote no on the TRID project.
19:26Um the URA's um guidelines document for TRID projects states this TRID projects are primarily transit-related public infrastructure improvements.
19:40Um, as has been previously noted, um uh according to the budgeting that exists um in the uh um the the document that uh um we've seen 20% is um earmarked for public transit.
20:00However, um the the other more public um uh items uh are very specific in that document.
20:08Um there's specific partials, there's specific budget amounts, um, and these are uh as has been noted um primarily um private uh improvements um by uh real estate developers.
20:25Here's what it says in in the document about public transit.
20:29The TRID framework supports investments in transit supportive infrastructure, including improved pedestrian connections to transit stations, enhance streetscapes along key corridors, station area improvements, and public realm upgrades that increase safety and accessibility for transit riders.
20:52Um excuse me for being blunt, but there is no meat on those bones.
20:57Um this is um this is clearly, I believe, um, an inappropriate use of the trade program, which was put into place um to help communities, to help neighborhoods.
21:12Um you can um name any number of which that would benefit by this kind of uh program.
21:19Mount Oliver Allen uh Allentown, uh West End, Lincoln Laram.
21:24Um, and this is not the right tool um to be employed to help large uh downtown real estate interests.
21:34Thank you very much.
21:38Our next speaker is Laura Wings, followed by Laura Perkins.
21:44My name is Laura Chew Weens.
21:46I'm the executive director of Pittsburghers for Public Transit.
21:48We are grassroots union of transit riders and workers organizing for more accessible, affordable, and expanded transit.
21:55Our office is in uh Ellsworth Avenue in Shady Side.
21:58And I'm here today because council is considering passing a policy mechanism that is even in its name meant to serve public transit needs and public infrastructure investments.
22:08Instead, the city is considering using this mechanism, the transit revitalization investment district, to execute something wildly different.
22:16The downtown TRID would have city taxpayers take out a huge loan to hand out tens of millions of dollars with no public obligations attached to a handful of real estate developers in downtown the strip district and the North Shore.
22:29This loan for which our city and future elected officials and our children will be on the hook, will be received as a grant by a dozen wealth uh by wealthy corporations, and then we are gambling on the availability of future tax revenue to pay down the debt that our city leaders are proposing to incur.
22:44At a time of concurrent budget crises in the city of Pittsburgh, the Pittsburgh Public School District in Allegheny County, it is absolutely wild that our public bodies are considering lining the pockets of downtown real estate moguls as the highest and best use of our limited shared tax resources over the next 40 years.
23:04There are no shortage of needs that our communities have right now, including for better public transit infrastructure, for affordable housing, for small business investment, for local food initiatives, for repairs and improvements to our streets and sidewalk.
23:16This proposal forecloses our city's ability to address them now and in the future.
23:22This is profoundly undemocratic.
23:24For such a costly and consequential policy, there's been almost no information provided to the public.
23:29And we are robbing future city leaders and the public over the next 40 years of these hundreds of millions of dollars and the decision making power of how to allocate them.
23:39Public investments should be determined through the annual city budget process with robust public input to ensure that tax resources are distributed equitably across neighborhoods and address the needs of the moment.
23:51Thank you, Councilwoman Gross, for daylighting this hugely consequential proposal, which otherwise would have proceeded with absolutely no public attention or oversight.
23:59Thank you, Councilwoman Warwick, for saying so clearly and publicly that you will vote no.
24:03As Pittsburgh is for public transit, we stand firmly opposed and call on council members to vote down the downtown TRID.
24:11Our next speaker is Laura Perkins.
24:16Hi there, Laura Perkins.
24:18I'm a Bloomfield resident, uh concerned about affordable housing and public transit.
24:22I'm here to ask you to vote no on bill 2020 2026 053.
24:27One supporting TRID TRID.
24:29Please vote no on that bill.
24:30And I ask you to vote no for three reasons.
24:33One, a lack of transparency and community involvement.
24:36Two, the city of Pittsburgh and Pittsburgh Public Schools cannot afford hundreds of millions of dollars in tax money.
24:42And three, um, it is not the intention of the original state law, and it's not what Pittsburgh needs.
24:47So talking about transparency and community involvement.
24:50Uh section 901 of the PA TRID Act requires at least one public meeting.
24:55When did that happen?
25:00I think a lot of people here would like to know.
25:02Second, uh, where is the TRID planning study?
25:04Uh, we'd like to see that.
25:06Um, I think those two things which are legally required indicate um how little transparency there has been and why it's why this should not be fast tracked at all.
25:16Um we're very concerned because this is 40 years and hundreds of millions of dollars in taxpayer money.
25:21Secondly, uh referring to the um how we can't afford this.
25:27Um I live across from Wool Slayer Elementary.
25:30Um it is one of the schools um that will be closed.
25:34Um, the closing of the schools um hopes to save 1008 million dollars annually.
25:38Um, and I know city council is not responsible for this, but our children are our concern.
25:43Uh, TRID would take money away from our city and schools when we know it is desperately needed.
25:49Um so we can look at another TRID project um to guide us in guessing uh what might happen since due to the lack of transparency.
25:59Um, and according to the Allegheny Institute of Public Policy, which uh is a very libertarian entity, um they say, and I quote uh that um the other TRID project on the North Shore quote have done little or nothing to address the root causes of long-term population loss and very anemic job growth.
26:17Families with school aged kids were driven away.
26:20So um when uh other public commenters from the Pittsburgh Downtown Partnership speak about jobs, uh this is not solving that problem.
26:29Um, thirdly, um the original intention of the TRID Act, don't worry, I have I have it to quote.
26:36Um, the original intention is to achieve transit-oriented development, community revitalization.
26:42Um, and I'm gonna skip a little bit because I'm running out of time, and public transportation capital improvement.
26:48We want those things.
26:50This is not going to solve those issues.
26:52Uh, we want affordable housing, we want direct investment in public transit.
26:56Um, I urge you to meet with members of these organizations that are making public comment to learn about how we can address those, but putting money in the pockets of private development developers will not solve those problems.
27:08Um, I urge you to vote no on TRID.
27:11We have real issues in Pittsburgh, and TRID will not solve any of them.
27:14It will exacerbate them.
27:20Our next speaker is Pamela Henderson, followed by Andrew Hussain.
27:28Is Pamela Henderson with us?
27:32If not, is Andrew Hussain with us.
27:38If not, Jackie Smith.
27:46I'll come back to them.
28:14My name is Liretta Penn, a resident of the Hill District, a co-chair of Pittsburgh Human Rights City Alliance, and a member of the Hill District Consensus Group.
28:24Council members, let's call this what it is.
28:27Supply side economics, or trickle-down economics, or it's also been called horse and sparrow economics.
28:37So this loan to wealthy developers and corporations will eventually trickle down.
28:43That's what we've been told.
28:45And ladies and gentlemen, sometime past behavior can dictate future behavior.
28:51For example, downtown has been developed for the last 75 years.
28:57And the proof is the displacement and the gentrification of the Hill District with over 8,000 families being displaced.
29:06So that's the history that we have regarding the city of Pittsburgh residents getting promised that this regarding this trickle-down economics and so far for the Hill District at least, it hasn't worked well.
29:20So my recommendation is this that we pause this vote so we can have more public input.
29:27And I would also remind everyone that downtown is losing tax base as well.
29:34But the city as a whole, the residents as a whole should make that decision as to where the money should be spent best, not behind closed doors.
29:44Thank you very much.
29:48Our next speaker is Andrew Deerolf, followed by Colleen Deerolf.
30:03Our next speaker then is John Robinson.
30:12Our next speaker is Sean Pastor.
30:20Our next speaker is Marcia Bandis.
30:33Yes, my name is Marcia Bandies.
30:34I'm from Squirrel Hill, and uh a number of the other people have articulated many of the issues already.
30:40Um so I'm gonna uh go after a different point that bothers me.
30:44I am here to oppose any of the Pittsburgh schools' real estate taxes going to the downtown transit revitalization investment district funds, TRID.
30:53The district mission, our school district mission, the Pittsburgh Public Schools will be one of America's premier school districts, student focused, well managed and innovative.
31:03We will hold ourselves accountable for preparing all children to achieve academic excellence.
31:07What does that have to do with housing downtown?
31:11There aren't any schools real, I mean there's Kappa and there's a and there's a charter high school.
31:15There are not, that's not a neighborhood.
31:18Um, the district believes central office exists to serve students and schools.
31:23We should not be using their tax dollars for their real estate tax dollars in this way.
31:29Um downtown TRID is to convert office buildings into apartments with retail and other supporting infrastructure.
31:37Now I have to ask you what do downtown apartments have to do with the mission of our school district.
31:42For example, the recent groundbreaking event to launch the Smithfield WAFs will result in 46 new apartments, 39 will be affordable, four will be studio, 25 are one bedroom, and 17 will be two bedroom.
31:55The two bedroom apartments will be popular with couples who want a home office.
31:59And even if they do start a family, where are the schools?
32:02And if you have given your school real estate tax dollars for their apartments rather than improving school outcomes in Pittsburgh, they're going to take their family to the burbs.
32:12I'm not saying that the city and county want to accomplish isn't important.
32:16It is important, it is needed, but it's not the responsibility of our Pittsburgh School District to fund it with their much needed real estate taxes.
32:24URA needs to find their funding elsewhere.
32:27The schools, the teachers, the students and families need every penny to improve the outcomes of our children.
32:33Whereas both the charter and private schools manage to place invisible borders around who they are capable of accepting, PPS provides an education to all children, as they should.
32:44And along with this responsibility comes the need for special child support, whether it be smaller classes, trauma-trained teachers to recognize when a child needs extra support, trained resources to provide that first line of support, at the same time providing opportunities to the children who have mastered the basics and are ready for the next challenge.
33:01They might need supplies, they might need special equipment.
33:03My point is that they don't need more senior housing downtown.
33:07They they need more housing in their neighborhoods.
33:11So remove school real estate taxes from your equation.
33:18Our next speaker is Dan Danielle Weiner, followed by Matthew Carter or Cartier.
33:29Hello, my name is Danielle Wenner.
33:31I'm a resident of Polish Hill, and I'm also the associate director of the Center for Ethics and Policy at Carnegie Mellon University.
33:37And I'm here to urge uh council to reject this proposal.
33:41The proposal before council aims to take anticipated new tax revenues from new developments in the strip, downtown, and the north shore, and effectively divert those anticipated revenues into the development of downtown in particular.
33:52If we set aside anticipated increased tax revenues from development in the strip, which is easily one of the hottest areas for growth over the last several years, and earmark those revenues for only one area of the city, we are effectively cutting the rest of the city out of the benefits of economic growth.
34:08But those new revenues belong to all of us.
34:10The explosion of growth in the strip district could only happen with the use of infrastructure that we all depend on.
34:15The construction is done by workers who live throughout the city.
34:18The new businesses that line the terminal depend on service workers who commute into the strip from all over, from Homewood, from Hazelwood and Beachview.
34:26Similarly, growth in the Golden Triangle requires contributions from workers who live and go to school and raise their kids all over the city.
34:33But the city proposes to withhold from their neighborhoods their share of new revenues that will be made on the backs of their labor.
34:39With this TRID proposal, what is really on offer is a chance to carve up this city into ever smaller hyper-local tax bases, which will effectively function to limit who benefits from the gains of Pittsburgh's growth and determine which neighborhoods and business districts are resigned to growing disinvestment and blight.
35:02Further entrenching economic segregation, when we should be looking to improve the city for everyone.
35:07The tax revenues generated by development belong to the entire city and its population.
35:12They are revenues that could be used to address our crumbling infrastructure, replace our failing vehicle fleet, or support our underfunded schools.
35:19There are two failing bridges in my neighborhood alone, which are both multiple years overdue for massive rebuild or refurbishment.
35:28When you earmark big chunks of our future tax revenues to one area of the city and to developers in that area of the city in particular, you are proposing to deprive the rest of us of access to those funds for needed projects.
35:40The last thing I want to say is to echo earlier speakers.
35:43This proposal has gone through a lot of process with almost zero meaningful engagement with the public.
35:48I learned about the TRID plan two days ago.
35:52This was not posted on the URA's website.
35:54There does not appear to have been any meaningful opportunity for the public to review the plan prior to the URA board approving it.
36:00And as far as anyone seems to know, the plan only became available to the public once it was posted to the city council's legislative website in late May, even though URA approved the plan in early April.
36:10This is a plan to use hundreds of millions of public tax dollars with major implications that will last for decades.
36:16This kind of thing should be transparent and it should involve accessible, meaningful opportunity for public review and engagement.
36:22Pushing this through at this pace and without that kind of public engagement is not only irresponsible, it signals serious disrespect for the citizens of the city.
36:35Our next speaker is Matthew Cart Cartier.
36:41Hi, yes, can you hear me?
36:45I live in Greenfield.
36:46I'm just some guy, uh, but I am uh very firmly opposed to uh this legislation members, council will vote no.
36:54Um I think that in a city that is so intent on talking about the uh the ethic of being each other's neighbor and Fred Rogers and we're you know, we're all neighbors here, that this plan really runs counter to that ethic in balconizing city tax revenues um, you know, from one place and concentrating them all in the downtown golden triangle, whatever you want to call it.
37:15That money you know rightly belongs to all city residents.
37:18If this trade were to be a windfall, which I really don't think is you know likely to be the case, but if it were, the benefits of it would be would be concentrated among very, very few people.
37:28Um, and I I think that's sort of counterintuitive to the concept of living in a city in a city or a society in general.
37:36Um, I don't believe that the URA and developers in question will be a responsible steward of this money, and I would and I would urge council to consider why they're removing themselves from the equation when they have the option to help steer where these funds would go going forward.
37:51Um, borrowing this money against alleged future revenues when the money is going into a black hole is extremely irresponsible.
37:58Um, I think that you know, even if this tax increase does happen, like why wouldn't council want to control the direction of that money?
38:06The city needs so many things.
38:08Um, I'm not sure that closing the gaps on balance sheets of a few private developers is needs to be our highest priority.
38:16Uh, if the downtown partnership and others want this money, I think that they should frankly put up or shut up.
38:22Show us the projects that are actually going to go from term sheets to ribbon cutting.
38:26And if they can't do that, then they shouldn't get this money.
38:30And additionally, uh to echo a previous speaker, the way that this process has gone sort of uh without much notice to the public.
38:40Uh I also learned about this very recently, um, is completely unacceptable.
38:44This is hundreds of millions of dollars, and I'm curious as to why council would want to move it along with such haste when it's clearly such a big decision.
38:53I work downtown and I commute there by bicycle.
38:56Um, if this transit revitalization improvement district is supposedly about transit, there are plenty of places downtown where this money could be used for that.
39:05But instead, 80% of it is being earmarked for developers who, frankly, haven't delivered in the past five to ten years, and it doesn't look like we'll continue to.
39:14Um, I it's unclear why the split is so skewed when you know uh there are plenty of places where some additional pedestrian infrastructure would prevent me from getting murdered by an errant driver.
39:25Ultimately, this proposal unaccountably lines the pockets of people to whom some of you and the mayor clearly owe some substantial favors.
39:32I think council should maintain oversight of these funds.
39:35The downtown partnership and supporters are selling your bridge in Brooklyn, and I would encourage you not to buy it.
39:44Our next speaker is John Cooper.
39:49Hi, can you hear me?
39:52My name is John Cooper.
39:53I live on Edgerton Avenue in Park Place.
39:56I'm a nurse, a former employee of the food bank, and I have two children and TPS elementary.
40:01I am against the trid because times are tough for those of us who are going to be paying for it.
40:06In my job as a public school nurse, I see the scale of needs of families in our region.
40:10Children often come to school hungry.
40:13Children very often are missing needed health care appointments because their families can't afford it.
40:17I tend to kids whose families have faced evictions, and those who are on house because our region has an affordable housing crisis.
40:24This isn't a problem just facing renters.
40:26Earlier this month, there was a news report about foreclosures nearly doubling in our region compared to one year ago.
40:34Over the last year and a half, uh my family has been impacted by and is carefully considered the budget issues affecting the city of Pittsburgh, Mr.
40:42Public, and Allegheny County.
40:44We're getting hit with rising utility costs and groceries.
40:53Even with all that, and even because of it, I expressed my support for the tax increases on residents like me in both the city and the county.
41:02I did that because I know that our public bodies need to be fully funded in order to support our neighbors and provide basic needs for food, housing, child care, safe infrastructure.
41:13This is why it's pretty appalling to me that in the midst of this crisis, our city council and our school district and our county have been quietly advancing a proposal to take up to 200 million dollars of our already insufficient tax revenue and give it to private developers.
41:30That's our money, and it's the next 40 years worth of it.
41:34That revenue should go into public coffers and distributed equitably to meet the current and future needs of all of our neighborhoods.
41:41Instead, it will be lining the pockets of a few downtown developers.
41:45Councilmember Mosley, how does this proposal benefit our district at all?
41:50There are urgent investment needs for small businesses and homeland for infrastructure improvements in our district that aren't being funded.
41:57Just this week there was a new sinkhole in our neighborhood.
41:59You express concern about the proposal to raise taxes on Pittsburgh residents in December to close the budget gap.
42:05That concern feels laughable if council votes to proceed with subsidizing a few downtown developers at the expense of every other Pittsburgh community for the next 40 years.
42:20I'm now have Verna Johnson, followed by Bill McDowell.
42:29Well, see Vernas online.
42:40Yes, we can hear you.
42:42Uh my name is Alvarna Johnson, as you said.
42:45I live in the East Liberty, I mean East Liberty Lincoln, Belmore area of the East Labor.
42:52Um I uh appreciate the council giving us this time to talk about a very serious problem.
43:00I feel that this would be a burden to future generations, even present generations in the city of Pittsburgh.
43:08Um it doesn't seem like throwing money at a problem is a solution, and it's certainly not a solution when you give it to developers that are for profit.
43:19I think that um we should have transparency that all the public should know about this, and all the public should weigh in on it.
43:28So I asked uh city council, would you please not not say no to voting for this?
43:35And I also want to talk to my councilman Mosley.
43:39I would hope that you would understand that this money could go not this amount of money, 200 million dollars is just utterly ridiculous.
43:48When this city is in crisis already, and we're gonna just put ourselves deeper into debt and then put the burden on other generations.
43:56It's just not right.
43:58And I hope that you'll see what I'm saying, Councilman Mosley and the rest of the council, City Council, Pittsburgh.
44:08Bill McDowell, followed by Randy Kelly.
44:26I'm Bill McDowell and I live in the north side of Pittsburgh.
44:31I want to strongly urge council members to vote no on the trid.
44:36As council members, you should be investing future tax dollars in your districts and in the people who elected you.
44:45No city tax money should go to private developers.
44:50Question to councillor um uh Wilson.
44:54How does subsidizing private developers in downtown benefit your district, our neighbors, or myself?
45:04We desperately need sidewalks repaired all over Northside and elsewhere.
45:10And I'm sure that there are parents in your district who could be helped by child care assistants.
45:19Councilors, show concern for other critical projects within your district.
45:26If you put futures and city tax dollars toward downtown, how will this trip meet the needs of our of your constituents?
45:37This trip is primarily intended for public transportation, and yet it is vague about transit and private improvement.
45:48And it intends only 20% of resources to go toward public infrastructure.
45:55If you pass this trip, what stipulations and conditions will you place upon downtown developers which will benefit city residents?
46:05What oversight will residents have to hold downtown developers accountable for the millions of dollars given to them.
46:16Finally, again I urge council to vote no on this trip.
46:21We should not mortgage the entire city's long-term future on town on one downtown or private developers.
46:31And lastly, I'm going to say I agree with uh everyone else about the transparency.
46:37We need to have greater public needs to have greater transparency on this issue beforehand.
46:53Next up is Randy Kelly.
47:01If not, the last register speaker I have is registered as ACTC.
47:10All right, let me run back through the list.
47:14Has Pamela Henderson joined us.
47:32Uh yes, but good afternoon.
47:34Um I keep this section brief for myself, but as others have already said, the uh process or lack of process in this trade has been horrendous and frankly unlawful.
47:54Anyone who spoke earlier in favor of this plan should be shameful ashamed of themselves because not only is this process been despicable and bypassed all kinds of guide rails and processes.
48:13But furthermore, as many have said today, you're missing the first part of what a trade is supposed to be, which is transit.
48:23And this plan, as it's been presented to the public for only a brief few days.
48:39Of transit, and it mainly has to do with infrastructure.
48:43There's nothing in here about how this is helping transit and the amount to which is to go to public transit and other stuff.
48:51It is simply a joke.
48:55This is not a trick.
48:56This is literally a project to grab money and rob people in the city for the next four decades.
49:07Masquerading as a trip.
49:10There is nothing trip about this.
49:13Oh, I don't even know if there's anything RID about this.
49:16You're missing the entire point of the trip with that.
49:19And I urge council to add a bare minimum delay of vote until public input can be had, or to totally say no to this plan as it stands.
49:33That either I drew Andrew or Colleen Deerwolf.
49:41John Robinson or Sean Pasteur.
49:46So that exhausts our list of registered speakers.
49:48If there's anyone else in chambers wishing to speak, please come forward at this time.
49:52Provide your name and neighborhood for the record.
50:01My name is Greg Hamrick.
50:02I found out about this yesterday on Reddit.
50:06Um, and this is being rushed through.
50:09I grew up in the 2009 crash.
50:12Nothing but corporate welfare and bailouts my whole life.
50:17This is a transit bill, 20%.
50:19This has been very illuminating.
50:20It's my first time attending.
50:21I think we should all be civically engaged.
50:23The fact that I've noticed a lot of the council members could barely look up and look at the speakers looking down.
50:28I don't know, a shame.
50:29You should be ashamed.
50:30Pushing this through.
50:32I urge you to vote no at the very least.
50:35Wait till the public knows about it.
50:41Next speaker, please.
50:51Good afternoon, Council.
50:53Um Tim Stevens, Chairman of our chairman, the CEO of Black Political Empowerment Project BP, founder.
51:01I just wanted all of you to I've been listening for quite a while.
51:07I don't think anyone has supported this thing.
51:10So I would hope that you would take into consideration as you deliberate the comments from the public.
51:19You may even want to consider meeting with organizations that are dealing with this at the table personally in direct conversation with the transit groups and others who are dealing with this.
51:34The concern that I have from uh listening is the use of public dollars at the level that seem to be benefiting primarily private enterprise and not very much the public and with the problems that we have in the city, problems we have with our school board financially.
51:56We want to make sure that our funds are being used to support housing, transit and health, any other issues that we have in our citizenry of Pittsburgh, and really have your focus on the citizens of Pittsburgh more than the developers of Pittsburgh, although they need support.
52:18But right now, it seems like this approach is aimed more for developers than the benefit of the citizens of Pittsburgh.
52:29So we ask that you maybe even consider having a meeting with those who are dealing with this on a regular basis and see if you can come to a resolution that might be more appropriate, might be more fair to the citizens of Pittsburgh that you that you serve, and that the public dollars are being invested across our communities at a level that would be fair and appropriate.
52:55Next speaker, please.
52:58Hello, Rick Smith, North Oakland District 8.
53:01Um, not in support of this resolution.
53:04Really get the sense with the wisdom in this room that there are programs that could come together that which would serve the city in a more amplified way.
53:13Um interesting to learn about this as a financing device and and seeing its potential.
53:20For a project of this magnitude, I'd really look for um who's driving the bus to be more out of the mayor, putting uh uh cohesive picture together of driving Pittsburgh forward than then coming out of the URA.
53:35Um so thank you for your work.
53:40Next speaker, please.
53:44Next speaker, please.
53:47Seeing no further speakers, I'll offer members a moment to give comment if they would like.
53:54If not, Councilman Wilson.
54:04Thanks for chairing this meeting, and thank you all that came out to speak.
54:08I know we have the URA here as well.
54:10Want to make sure that you all recognized uh since obviously your name was dropped several times.
54:17Uh I think for me, you know, initially when I heard about this, I was a bit um, you know, was a bit, you know, I just had a lot of questions about how this would work.
54:28And so working through it, I think that's been important.
54:32I think we're all kind of going through that together here.
54:34I I'm hearing a lot of language that um definitely you know energizes a lot of people, especially whenever it it sounds like we're giving money away to developers, and I was was questioned that as well.
54:49And so I think I think uh I think there's a lot going on with how this has been presented to the public, and so I'm really looking forward to the post agenda that's been scheduled.
55:00I know there's a lot of criticism around the public engagement around this.
55:03And so I think hopefully hopefully you all recognize that this is part of it, and then also the post agenda, which will be hosted by, I believe, Councilman Mosley.
55:14And that'll be in coordination with the URA.
55:17Members have uh time to ask questions.
55:19That's really our fact-finding mission.
55:21And I just hope we can all just get on the same page with this fact-finding mission, which uh I feel like I'm on the phone every day with uh email uh in in the community or whether it's uh you know talking to members on the phone about it, you know, in our offices, trying to understand, you know, what we all know about uh the trip proposal, and so as I continue to learn, um my understanding, and because this is the f this this trip would encompass most of most of my um it would encompass most of my district, being the the strip, parts of the North Shore, and then also downtown.
56:08It it feels very similar to uh what we were going through two years ago whenever the headlines were talking about how we continue to lose our tax base downtown, and there was this big push for conversion, and I know that the past administration put uh well, I think this actually started two administrations ago, but whatever.
56:28It was all it was all went through the last administration where there were a lot of dollars that went through to ARPA dollars to get you know through the URA, uh similar process, or they looked at the underwriting of projects, and and that uh I believe it was at the tune of at least a couple million dollars for projects that were being done in downtown, and and and that happened already.
56:52Um so I think I'm not sure if all those projects are completely funded, but we continue to see my my understanding we continue to see projects that aren't completely funded uh because the value is uh less than what actually would take to get the project done.
57:09And so I think a big kind of light bulb for me that keeps going off when we have these conversations is that I feel like this this always gets lost.
57:18So I just want to take a second to talk about this.
57:21That and I think we've all benefited from this.
57:24We're just not really figuring out that this is uh you know part of how we all live every day, is that a quarter of our tax base for real estate tax was the downtown area.
57:36It was downtown that was supporting 25% of our tax base.
57:41And in the current years, you saw all three tax embodies raise taxes.
57:46That just didn't happen because you know, we um like something magic happened.
57:52Like that was a sort of that was uh something that was happening before COVID.
57:56During COVID, we saw that really explode in terms of where tax revenue uh really decreased, real estate tax revenue really decreased.
58:04And you saw this council trying to take action previous, already previously to try and support uh that losing tax base.
58:10And these are all things that we really benefit from uh you know, those taxes are obviously things that we all benefit from.
58:16I mean, during Act 4 Act 47, we weren't doing vision zero, we weren't doing projects that really make our neighborhood safe in the streets.
58:25There was never a speed hump put in during vision, I'm sorry, during Act 47.
58:29So there's a lot of things that you know, since Act 47, we've been able to spend money on.
58:34We want to continue to spend money.
58:35We have an we have uh trust funds that we're able to go into neighborhoods and make a difference through OCHS, the Office of Community Health and Safety.
58:43We want to keep those programs going.
58:46And so I know that language like I'll just say it, developers for some reason that has really, even though there's affordable housing developers, that word alone is very scary and and and to a population, uh especially especially an activist population.
59:03And added words like giving and subsidizing and handouts, those are all you know, terms that really sound like it's energizing a lot of people here.
59:12Those are all loans in this current program, from what I've understood.
59:16And uh I'm actually not sure if anything that I say to people that gave comment, this would even resonate because I feel like you have to make I feel like sometimes when I talk to um some people that are really energized around liking uh you know people who build things uh and actually you know pay taxes, like actually pay the pay 25% of our tax base are always evil individuals.
59:43So I'm actually not sure if anything I say will will be good uh for any of you, but on this side of the table, there are working families downtown that rely on those jobs in these buildings.
59:55So if you're a cleaner, if you're a security guard, you rely on that that job.
1:00:01And we're constantly being contacted by unions to call these property owners to make sure that whenever they whenever they drop the contract, that all of us here at this table are staying in the streets to make sure that those people get their jobs back.
1:00:14So there's a huge economy that we're all being a little we're being short-sighted about when we talk about what we're trying to do here.
1:00:24And as I continue to learn about this, yes, I hear I hear words like risk.
1:00:30And I'm concerned about that too.
1:00:33And that's why the first tranche would just be related to certain projects that are literally already getting built.
1:00:39You can drive around PNC Park and you can see that that property right across from PNC Park that's getting built.
1:00:45So whenever that property actually gets completed, then we will see uh the value in that whenever they start paying taxes.
1:00:55That's part of the that's one of the projects that will pay back some some of this pay back this bond, which will be a first bond.
1:01:03If this doesn't go well the first time, then we yes, we should continue to look at why uh this you know, why the the risk that we foresee now is actually true.
1:01:16It's actually not a good strategy.
1:01:19But we would, for my understanding, we would see like a first tranche of 25 to 40 million, and then after that, we would see another one, and then that will be we would understand how those projects would get paid back.
1:01:33And continue to try and understand and learn about this.
1:01:36It was a great conversation with the URA recently to learn that all of these loans that have been done through TIFFs and TRIDs have all been paid back.
1:01:44The URA has a zero default on loans like this.
1:01:48So, you know, we talk about support in the tax base, we really need to make sure that we continue to support downtown in a lot of different ways.
1:01:57And you see that with parks, you see that with Market Square Parks, Arts Landing.
1:02:04I mean, these are all great projects that uh are supporting downtown.
1:02:09And continuing to see this support, I think is important.
1:02:14Um so as I continue to learn and try so I have this, I have this idea that I think this is a really important thing.
1:02:19I hope you all do too, that's so that supporting our 25% of our taxes is an important thing.
1:02:26And then I also have this idea of like trying to learn how to really really support that.
1:02:31And I'm not hearing any of the other any other ideas, honestly.
1:02:34There's there's uh there's no other ideas that I'm hearing from council members to support this this tax base, and seems like the only solution is to continue raising taxes if we don't continue to try and support uh our 25 25% of our tax base.
1:02:50Um another point that I recently learned from the URA, and there's numbers around this, and this is something that we involve in the in the post agenda, is that how these dollars could work for us.
1:03:03So with these doll with these projects where uh from my understanding, like I said, we'll wait for the post agenda for all the facts we hear, but that money spent in TIFFs or TRIDS, they are they're um it's up to the tune of 10 times the amount of economic activity happens from those dollars.
1:03:26So these are these are this is not new of how the URA has invested in projects.
1:03:31Like I said, even in the last administration, there were projects that were invested in.
1:03:34This continues to be a thing throughout the years, and I'm hoping that uh we all can just get on the same page and really just talk about the facts here because when I hear language being used like robbed and uh, you know, this this is very this and I didn't realize this energizes people, but this is not helping the conversation of how we get to really making sure that people in neighborhoods have their streets paved, their trash picked up, and we don't continue to raise their taxes.
1:04:02So I'm willing to have that conversation with anyone and try and understand uh how we can all come together so that we can um you know support downtown and really everyone at Pittsburgh at the same time.
1:04:19Councilman Sharlin?
1:04:20Yeah, so uh thank you, House President.
1:04:23And thank you for everyone that came down here today.
1:04:25Um my comments will be relatively short.
1:04:27I think Councilman Wilson caught a lot of uh what I was thinking here.
1:04:30I have the honor of serving with the council president on the URA board.
1:04:34So I have uh voted for this I I believe twice already, um, and we'll continue to support this.
1:04:40Uh I don't represent downtown, but downtown is part of all of our districts.
1:04:46And you know, or we all we all have to be concerned about downtown.
1:04:50As Councilman Wilson said, uh, about 25% of our property taxes, which is about 25% of our total budget comes from downtown.
1:05:00So when the question gets asked, how does this benefit other neighborhoods?
1:05:03How does this benefit home?
1:05:04What how does this benefit my district in in Oakland Southside and the Hilltop?
1:05:08If we don't have a strong downtown, we can't do anything anywhere else.
1:05:12Uh Councilman Wilson rattled off some of these programs, but things like investing in bus shelters and sidewalks and bike share, our unhoused street team, um, traffic calming, all those kinds of projects.
1:05:24We can't do those projects if we don't have money to do those projects, and we won't have money if we don't have a strong downtown.
1:05:30So for me, anything we can do to spur um, you know, to stop the bleed in downtown means that we don't have to raise taxes on folks that live in Allentown, folks who live in Knoxville.
1:05:45If we want a healthy downtown that we can tax, and this is a way to create a healthy downtown for the future and for Pittsburghers uh, you know, to come here.
1:05:58So for me, this is it's a big deal.
1:06:03I'm not gonna say it's like an easy thing that I can just absolutely, you know, we we need to know the details of it.
1:06:07We need you to know the details of it.
1:06:09But it is something investment downtown is always something that I that I want to support.
1:06:15And uh I'm thankful that we get to look at this today.
1:06:18So thank you, Council President.
1:06:20Thank you, Councilwoman Gross.
1:06:23Um, first of all, I have a message from Councilwoman Warwick that she apologizes that she had to leave so quickly.
1:06:29She had an emergency board meeting for the equipment leasing authority that was uh last minute um College had to be there to cast a vote.
1:06:38Um I first of all want to thank everybody for coming down and for tuning in and for spending the time to try to dig in with us on what this means, um, how it works, its shortcomings, any possible benefits that may come out of it, um, so that we can serve to represent you because that is what we're here to do.
1:07:05Um of the things I think that is a question that I heard repeated was that you know, from the future development of what we'll call a capture area.
1:07:15Remember that so the proposal that was put in front of council is that for 40 years, new development from the North Shore from downtown, but also all the way up to 33rd Street, not go entirely into the general front.
1:07:29But even if it's you know 100 million dollar building, the 75% of that annual property tax goes to um a committee or at the URA.
1:07:39And that the question is I what I heard from the room is you know, what should taxes go for, right?
1:07:46And this is literally the business of this table.
1:07:48This is why you get to elect us or unelect us, because you either like the way we allocated your taxes or we you didn't like the way you we allocated your taxes.
1:07:57Um I heard many people here at the briefing or at the public um hearing say that they really wanted dollars invested in their neighborhoods and in their fellow residents.
1:08:10Um I heard child care, housing, food, um, and transportation infrastructure, including bridges, including sidewalks, um, including transit.
1:08:21Um I think that it's uh some of the questions that I had from the last council meeting that uh we may get answers to, unfortunately, next week when we have time for our fact-finding that you will hear next week after you had your public hearing um today, is you know, why 40 years?
1:08:48And I think that there's a controller's report um on tax abatements that is um done annually because of a resolution I passed requiring the controller's office to report to council and have it available for the public, so it's on the controller's website on tax abatements.
1:09:06Umfortunately, the last three years have not included tax increment financing, including TRIDS, which is what it's being proposed here today.
1:09:13But you can look back the 2023 controllers report.
1:09:16It included both tax abatements and tax increment financing, um, which a TIFF is a trade and a trid is a TIF.
1:09:24So I think those were all only 20 years.
1:09:29We've never been asked to do a 40-year.
1:09:34Um, and then secondly, so I'll be asking that next week.
1:09:39And then we also, I think all of the previous TIFFs and TRIDs had the same capture area and investment area.
1:09:50So it's a it's a brown field, nobody's nobody wants to develop there.
1:09:55So part of the part of the reason that tax increment financing and trids exist is to say that, well, yeah, there's so much infrastructure to build.
1:10:04We're gonna dedicate, you know, that there we can promise people who are to build things that there will be infrastructure built.
1:10:11Um and we'll you know, we we're gonna dedicate some of this future taxes to the building of that infrastructure.
1:10:17And it remember that the URA doesn't wait for that future infrastructure to future tax property taxes to be paid.
1:10:27It borrows against them today.
1:10:30So that's where the bonds and borrowing comes in, right?
1:10:33So they have a lump sum of future tax revenue in hand today that they allocate.
1:10:40So those have always been the money has come from and is spent in the same footprint.
1:10:48In this proposal, they're saying let's do basically three neighborhoods of the city, capture all of their money, but only spend it in the one.
1:10:59Um then so that's the difference in the boundary map.
1:11:03And so that's new, and that's different.
1:11:04And and then I don't believe that that has ever been proposed here that I've seen or that I can see in the records.
1:11:11Um so that's an outstanding question.
1:11:14And then um yeah, there are there are definitely some more nuances, I think that we'll be asking in the in the fact-finding thing.
1:11:24I also heard um from public comment today.
1:11:27Uh, you know, what is possible in terms of stipulations in this kind of agreement?
1:11:35And like what power does city council have to reflect your wishes into a TIF or TRID?
1:11:45We'll be asking that.
1:11:48And then lastly, I think um there was a question that was unanswered in our last council discussion on the record, which was that you know, some member asked, you know, what if counts a future accounts city council changes its mind and wants to terminate this agreement?
1:12:08And one answer that was given was well, the legislative body always has the power.
1:12:13But then if there's an outstanding bond, the legislative body really doesn't have the power.
1:12:20So which one is it?
1:12:22I think remains unanswered.
1:12:25So those are the there's some of the feedback that I heard, some of the questions that I still you know want to make sure that we do get answers to and that you have time to understand and make your voices heard.
1:12:39Um so again, I appreciate everyone taking the time, spending the time to both help us understand it, understand it yourselves, um, because this is what public process is supposed to be.
1:12:56Thank you very much.
1:12:57With that, um having exhausted the business of this public hearing, we are adjourned.